Weekly Chart, Market has been impulsively bullish since August 2015. Of that rally I am expecting the current steep increase in price to have been wave 3. Now wave 3 may end at current price level or move up to touch 3040 price zone. But once it starts moving down i expect it to only go down 23% in price and then another buying opportunity will be presented there. So lets wait till it confirms that wave 3 is complete.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.